The plan was revealed in an interview with The Independent by Peter Hain, the Welsh Secretary, who said: "Labour being prepared to deliver fixed-term parliaments as part of a negotiation to sustain a government in power is attractive, whether we have a majority or are just short of a majority."
Peter Hain reflects on life after 'Sale of the Century"
"What the country needs is some certainty in the aftermath of the banking crisis to secure recovery. A fixed term would also give the markets the stability and certainty they crave," he said.
Read the full Independent article here.